Arsenal chairman Peter Hill-Wood has denied suggestions that Arsene Wenger is on the verge of leaving the club.
The Gunners endured difficult transfer window, losing the likes of Gael Clichy, Samir Nasri and Cesc Fabregas, while replacements were only drafted in on the final day of the transfer window.
Coupled with a tough summer, Wenger's side have yet to pick up a win in the Barclays Premier League this season, however Hill-Wood insists the club are happy with Wenger.
"It's complete and utter rubbish and absolute nonsense. I think he is happy enough and we are happy enough," Hill-Wood said.
"We have brought some new players in and although I don't know that much about many of them I think, generally speaking, they are going to improve the squad."
Hill-Wood also responded to claims made by Barcelona vice-chairman Josep Maria Bartomeu, that the Catalans signed Fabregas for a cut price, claiming the club simply followed the wishes of their former skipper.
"He is absolutely right," added Hill-Wood. "They did get him on the cheap. But he wanted to go back there and we respected that."
The north Londoners have the opportunity to put their season back on track when they face Swansea City this weekend, before taking on Borussia Dortmund in their opening Champions League group game.
This weekend could see as many as five new faces make their bows in an Arsenal shirt, with Park Chu-Young, Mikel Arteta, Andre Santos, Per Mertesacker and Yossi Benayoun all in contention.